Administrative records

Your administration, also called your bookkeeping, includes all data about your company captured on paper on in an electronic format. Proper and clear administrative records are particularly important to your own operations.

Keeping your administrative records for seven years

You also require proper administrative records to comply with your statutory obligations, such as completing your returns and as evidence for the Tax and Customs Administration. You are required to keep proper administrative records tailored to the nature of your company. As a rule, you must also keep your records for seven years.

You are an employer

If you employ staff, you will also face administrative obligations related to payroll taxes. You must maintain a payroll administration system.